Tag: ICO

Update: Market up after US financial watchdogs weigh in on crypto

US Senate Committee on Banking, Housing, and Urban Affairs held a fact-finding hearing today on how best to regulate cryptocurrency. Chairmen from the Securities and Exchange Commission (SEC), and the Commodities Futures Trading Commission (CFTC) fielded questions from Senators about how to understand digital currency, and how the agencies will address the emerging investment asset. Chairman of the SEC, John Clayton, and CFTC Chairman J. Christopher Giancarlo presented what each of their agencies has already done to address market manipulation, and securities fraud. However, questions remain about how to understand cryptocurrency, and whose jurisdiction it falls under. Clayton views...

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Tezos stalled by internal conflict as lawsuits pile up

On-chain governance project Tezos raised $232 million in an ICO last July. The company has been plagued with internal conflicts ever since. The husband-and-wife team of founders Arthur and Kathleen Breitman is at odds with Johann Gevera, president of the Tezos Foundation. Wall Street Journal reports that a new entity has been created, called T2, in an effort to gain control of the ICO funds. Investors don’t believe the project will take off anymore. There have already been four attempts to start a class-action lawsuit against the project, calling for a temporary restraining order on the $232 million raised...

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Venezuela releases Petro whitepaper ahead of $5 billion ICO

Venezuela has turned to cryptocurrencies in an effort to save its failing national currency, the Bolivar. The project has been in the works for several months and we can finally read the released whitepaper.  The $5 billion ICO will be the biggest in history and the first government-issued cryptocurrency. President Nicolas Maduro has already signed the document and it seems everything is ready to launch the Ethereum-based project in February. Petro to remedy the economy The ICO aims to create a stable store of value for the people. The whitepaper states: Petro will give investors the opportunity to enter...

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Top eleven fastest ICOs so far – infographics

ICOs are both interesting and controversial. On one hand, they can be excellent investment opportunities, on the other, they can cause problems. The biggest projects are very popular and attract huge sums. Some of them manage to do this within a matter of minutes from their launch. Familiarize yourself with the infographics about the top eleven of the fastest ICOs so far. Fastest ICOs The inspiration for this compilation was SingularityNet, which has just raised $36 million in just 60 seconds. Initially, more than twenty thousand investors were ready to raise even $361 million. However, the pool has been reduced...

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Altcoins take up more of the market as investors look for ICO winners

Bitcoin gets a lot of mainstream media attention. Outside the cryptosphere, few can name other coins. However, increasingly many alternative tokens are on investors’ radar. As altcoins take off, more investors delve into the cryptocurrency investment craze. For example, a little over a week ago, Tron was worth around $0.03, now it’s worth $0.15 — up by 80%. In addition, Ripple overtook Ethereum last week for the second position in market capitalization. 2018 will be the year that more unknown cryptocurrencies double in value. Which ones will double? It’s anyone’s guess. ICO market Once led by Bitcoin and a...

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